Turkey plans to import more Iranian gas

Iran will increase gas exports to Turkey, Iraq, Armenia and Azerbaijan. (AFP/File)
Updated 25 March 2019
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Turkey plans to import more Iranian gas

  • The announcement was made by the head of Iran’s National Gas Company
  • Turkey is among a number of other countries who will increase imports of Iranian gas

DUBAI: Turkey plans to increase imports of Iran’s natural gas, a senior Iranian official told the country’s state news agency IRNA on Monday.
“Turkey has requested to purchase more Iranian natural gas from Iran,” the head of Iran’s National Gas Company (IGC), Hassan Montazer Torbati, told IRNA.
“Based on previous agreements, Iran is currently increasing gas exports to a number of countries including Turkey, Iraq, Armenia and Azerbaijan,” he said.

The United States pulled out of a 2015 nuclear deal between Iran and six major powers last year and has reimposed sanctions that were lifted under the pact. Washington granted waivers to Turkey and some other countries to import Iranian oil.


Spotify loses access to major Indian label

Updated 2 min 39 sec ago
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Spotify loses access to major Indian label

  • Saregama India Ltd. filed a petition with the Delhi High Court seeking an injunction against Spotify to stop it from using its songs
  • The move comes two months after Spotify launched in India, a price sensitive market already crowded by well-funded local players

BENGALURU: Music streaming service Spotify Technology SA said it will remove all songs belonging to one of India’s oldest record labels from its app after they failed to agree on licensing terms, months after the Swedish company’s launch in the country.
According to a court document, Saregama India Ltd. filed a petition with the Delhi High Court seeking an injunction against Spotify to stop it from using its songs.
The move comes two months after Spotify launched in India, a price sensitive market already crowded by well-funded local players like JioSaavn and Apple Music.
According to the court document dated April 23, Spotify’s senior counsel said the streaming service would remove all Saregama songs from its app within 10 days. Spotify said last month it had more than 1 million unique users in India across its free and premium categories within a week of its launch. The company offers a free version supported by ads and a premium ad-free variant that charges users 119 rupees ($1.68) per month.
Spotify declined to comment, while Saregama did not immediately respond to a Reuters request for comment.